Credo Technology Stock Target Price and Analyst Consensus
| CRDO Stock | USD 80.02 4.42 5.85% |
The current analyst and expert consensus on Credo Technology is Strong Buy, with 7 strong buy opinions. The current projected Credo Technology target price consensus is 75.46 with 13 analyst opinions. Check out Macroaxis Advice on Credo Technology to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. The most common way Credo Technology analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Credo Technology executives and customers to further validate their buy or sell advice. Credo Technology buy-or-sell recommendation module provides average expert sentiment on the projected Credo Technology target price to derive its highest and lowest estimates based on projected price volatility of 7.4724.
Lowest Forecast 68.67 | Highest Forecast 83.76 | Target Price 75.46 |
Credo |
It's important to approach Credo Technology's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Credo Technology Target Price Consensus
Credo target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Credo Technology's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 13 | Strong Buy |
Most Credo analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Credo stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Credo Technology, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationCredo Technology Target Price Projection
Credo Technology's current and average target prices are 80.02 and 75.46, respectively. The current price of Credo Technology is the price at which Credo Technology Group is currently trading. On the other hand, Credo Technology's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Credo Technology Market Quote on 18th of January 2025
Target Price
Analyst Consensus On Credo Technology Target Price
Credo Technology Analyst Ratings
Credo Technology's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Credo Technology stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Credo Technology's financials, market performance, and future outlook by experienced professionals. Credo Technology's historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Credo Technology price targets
Credo Technology's stock target price is an estimate of its future price, usually made by analysts. Using Credo Technology's target price to determine if it is a suitable investment can be done through the following steps:- Look at Credo Technology's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Credo Technology's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Credo Technology Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Credo Technology is a key component of Credo Technology valuation and have some predictive power on the future returns of a Credo Technology.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Credo Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
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Check out Macroaxis Advice on Credo Technology to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.